Himax Technologies (HIMX) has been trading between 8 and 9 for the past few weeks. It continues to retreat around 9.00, which is a critical resistance. But the fact it is holding above 8 shows that there is a battle here between bulls and bears, which means a break above 9 or below 8 could open up a strong run. Himax (HIMX) Weekly Chart(click to enlarge)Resistance:- 9 has been a common resistance pivot.- Coincidentally, price is also testing a falling trendline as it tags 9.Choppiness:- The weekly chart shows a false bullish breakout in 2016 and a false bearish breakout in 2017. - So there is really no prevailing momentum, though you can say there's a slight bullish bias because of that 2012-2014 run from 1.00 to 16.00.Upside/Downside:- A break above 9.00 should open up the 12.00 resistance pivot. - If price can get to 12.00, it should be able to swing up to 13.00, which would test the a price top established in 2014 between roughly 13 and 15, which an extension to 16.- But for now, I would limit the outlook to the bottom of this range, with anticipation of a consolidation period ahead. - A break below 8.00 opens up pressure on the mutli-year consolidation lows. 5.00 might be an aggressive target, while a more likely one would be the common support around around 5.65, or even 6.00.